Global $2.4Bn Resorbable (Bioresorbable) Polymers Market by Type, Application and Region - Forecast to 2024 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 9, 2019--The “Global Resorbable (Bioresorbable) Polymers Market By Type (Agro-Polymers, Biopolyesters & Others), By Application, By Region, Competition, Forecast & Opportunities, 2024” report has been added to ResearchAndMarkets.com’s offering.
The global resorbable (bioresorbable) polymers market stood at $1.6 billion in 2018 and is projected to reach $2.4 billion by 2024, growing at a CAGR of around 7.5% during the forecast period.
Bioresorbable polymers are a ground-breaking technological material that can be broken down by the body and do not require mechanical removal. These materials have applications in a broad range of medical indications, such as coronary & peripheral vascular scaffolds, tissue fixation screws and sutures.
Some of the factors fueling the global resorbable (bioresorbable) polymers market are patient-friendliness, growing demand in drug delivery application and cost-effectiveness. However, the market is restrained by the lack of quality control in some developing countries and high price of bioresorbable polymers.
The market has been categorized into type, application and regional distribution
Based on type, the market has been segmented into agro-polymers (Polysaccharides & Proteins) and bio-polyesters (Polylactic Acid, Polycaprolactone, Polyglycolic Acid). The market is dominated by the bio-polyesters type segment, owing to high resistance to poor environmental conditions and their enhanced quality. The bio-polyesters segment is also anticipated to emerge as the fastest-growing segment in the global bioresorbable polymers market during the forecast period.
Based on application, the market has been segmented into orthopedics, drug delivery and others. Among these application segments, the orthopedics application is expected to lead the global bioresorbable polymers market in coming years, closely followed by the drug delivery segment. Notably, the drug delivery application is also expected to witness the highest growth rate during the forecast period, owing to the growing number of implant surgeries in North America, Asia-Pacific and Europe.
North America is the largest bioresorbable polymers market, in terms of value, globally, closely followed by Europe. Some of the factors propelling the growth of the North American market include augmented local manufacturing, high growth of end-use industries and increasing number of domestic companies in various vertical market segments. Further, North America is anticipated to register fastest growth in the global bioresorbable polymers market, on the back of high demand from drug delivery applications and orthopedics.
Some of the leading companies in the global resorbable (bioresorbable) polymers market are Corbion, Evonik Industries, Foster Corporation, KLS Martin, Poly-Med, Merck KgA, Mar-Lee Companies, LACTEL Absorbable Polymers, DSM, PCAS, etc.
Years considered for this report:
- Historical Years: 2014-2017
- Base Year: 2018
- Estimated Year: 2019
- Forecast Period: 2020-2024
Objective of the Study
- To analyze and forecast the global resorbable (bioresorbable) polymers market size.
- To forecast the global resorbable (bioresorbable) polymers market based on type, application and regional distribution.
- To identify drivers and challenges for the global resorbable (bioresorbable) polymers market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global resorbable (bioresorbable) polymers market.
- To conduct the pricing analysis for the resorbable (bioresorbable) polymers market.
- To identify and analyze the profile of leading players involved in the manufacturing of resorbable (bioresorbable) polymers.
Key Topics Covered
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
4.1. Brand Awareness
4.2. Brand Recall
4.3. Brand Satisfaction
4.4. Factors Influencing Purchase Decision
4.5. Challenges/Issues Faced Post Purchase
5. Global Resorbable (Bioresorbable) Polymers Market Overview
6. Global Resorbable (Bioresorbable) Polymers Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Type (Agro-Polymers (Polysaccharides, Proteins), Biopolyesters (Polylactic Acid, Polycaprolactone, Polyglycolic Acid and Others))
6.2.2. By Application (Orthopedics, Cardiac implants, Dental Implants, Trauma, Oral Drug Delivery, Parenteral Drug Delivery and Others)
6.2.3. By Region
6.2.4. By Company
6.3. Market Attractiveness Index
7. North America Resorbable (Bioresorbable) Polymers Market Outlook
8. Europe Resorbable (Bioresorbable) Polymers Market Outlook
9. Asia-Pacific Resorbable (Bioresorbable) Polymers Market Outlook
10. Rest of the World (Bioresorbable) Polymers Market Outlook
11. Market Dynamics
12. Market Trends & Developments
13. Competitive Landscape
13.1. Competition Outlook
13.2. Company Profiles (Leading companies)
13.2.1. Basic Details
13.2.2. Financials (As reported)
13.2.3. Supply Chain Analysis
13.2.4. Key Market Focus and Geographical Presence
13.2.5. Planned Investments
13.2.6. Pricing of Target Types
13.2.7. Market positioning
13.3. Global Players Profiled
13.3.3. Merck KGaA
13.3.5. KLS Martin
13.3.6. Evonik Industries
13.3.7. Foster Corporation
13.3.9. LACTEL Absorbable Polymers
13.3.10. Mar-Lee Companies
(Note: The companies list can be customized based on the client requirements)
14. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/1icu6v
View source version on businesswire.com:https://www.businesswire.com/news/home/20190509005733/en/
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INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
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PUB: 05/09/2019 12:05 PM/DISC: 05/09/2019 12:05 PM